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3-bed · 3,228 sqftElite Residence, Dubai Marina · 72nd floor · completed 2012

7202, Elite Residence

Sold prices and rental history: sold twice, last in February 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7202 · DLD and Ejari recordsUpdated 24 October 2018
Last soldAED 6.97M17 February 2013
Current rentAED 180K /yr24 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7202, Elite Residence

What is 7202 worth today?

Last sold for AED 6,966,794 in 2013

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24 Oct 2018RentedRenewal
AED 180,000/yr12 months · AED 56 per sqft
26 Aug 2016RentedRenewal
AED 300,000/yr12 months · AED 93 per sqft
26 Aug 2015RentedNew contract
AED 300,000/yr12 months · AED 93 per sqft
1 Aug 2014RentedNew contract
AED 270,000/yr12 months · AED 84 per sqft
17 Feb 2013SoldReady
AED 6,966,794AED 2,158 per sqft
10 Aug 2009Sold by developerOff-plan
AED 6,966,794AED 2,158 per sqft

Source: Dubai Land Department. Updated 24 October 2018.

Key facts

Type
3-bed apartment
Size
3,228 sqft
Floor
72nd of 83
Parking
P1-31,P1-32
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 42,300 /yr
Last sold
AED 6.97M · February 2013
Building
Elite Residence

About 7202, Elite Residence

7202 is a three-bedroom apartment of 3,228 sqft on the 72nd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 17 February 2013 for AED 6,966,794, or AED 2,158 per sqft, 55% above the AED 1,392 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 24 October 2018, is AED 180,000 a year: a gross yield of 2.6% on the 2013 price, before the service charge of about AED 42,300 a year.

Sales and rents for 7202 over time

Sales
Unit 7202, each saleTypical three-bed in Elite Residence
4M6M2009201320172021Typical sale price by year: 2009 AED 6,985,211; 2012 AED 4,200,000; 2013 AED 3,750,000; 2017 AED 6,000,000; 2021 AED 3,600,000Sold by developer, August 2009: AED 6,966,794 (AED 2,158 per sqft)Sold, February 2013: AED 6,966,794 (AED 2,158 per sqft)

7202 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7202, each contractTypical three-bed in Elite Residence
200K300K2013201720212025Typical rent by year: 2013 AED 240,000; 2014 AED 245,000; 2015 AED 245,000; 2016 AED 245,000; 2017 AED 240,000; 2018 AED 230,310; 2019 AED 170,000; 2020 AED 210,000; 2021 AED 175,000; 2022 AED 200,000; 2023 AED 205,000; 2024 AED 237,500; 2025 AED 240,000New contract, August 2014: AED 270,000 a yearNew contract, August 2015: AED 300,000 a yearRenewal, August 2016: AED 300,000 a yearRenewal, October 2018: AED 180,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Elite Residence, and where 7202 sits

All 22 3-beds →

7202 last sold in February 2013 at AED 2,158 per sqft, 55% above what three-beds in Elite Residence were fetching at the time (AED 1,392).

Recent 3-bed salesUnit no.Price (AED)Summary
27 Mar 20254,300,000
22 Feb 20242,800,000
23 Nov 202313,800,000
18 May 20232,699,844
0 3-bed sales in the last 12 months

Elite Residence

Building

697 apartments, 1-bed to 5-bed over 83 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 12 sold in the last 12 months.

Typical price per sqft
AED 1,404 Down 1.7%
Typical sale
AED 1.85M
Typical rent
AED 105K /yr
Typical yield
7.0%
Elite Residence, Dubai Marina: prices, sales and rents →

Other units on the 72nd floor

All 697 units in Elite Residence
Value
72013-bedAED 4.1M · Jan 2021
72033-bedAED 8.39M · Dec 2012
72043-bedAED 3.8M · Oct 2013

7202, Elite Residence in numbers

  • Sold twice: first on 10 August 2009 for AED 6,966,794, last on 17 February 2013 for AED 6,966,794 (AED 2,158 per sqft).
  • Rented since August 2014 on 4 Ejari contracts, from AED 270,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2013 price is 2.6%, before a service charge of about AED 42,300 a year (AED 13.10 per sqft).

Source: Dubai Land Department. Updated 24 October 2018.

Questions about 7202, Elite Residence

What did unit 7202 last sell for?

AED 6,966,794 on 17 February 2013: AED 2,158 per sqft for 3,228 sqft. The unit has 2 registered sales; the first was AED 6,966,794 in August 2009.

What is the rent for unit 7202?

AED 180,000 a year on the contract renewed on 24 October 2018. The previous contract, from August 2016, was AED 300,000; the unit has been rented since August 2014.

How big is unit 7202?

3,228 sqft (299.9 sqm): a three-bedroom apartment on the 72nd floor of a 83-storey tower completed in 2012.

What is unit 7202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 7202, Elite Residence

Starts from the last sale price (AED 6.97M, 17 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 6,966,794
Deposit, UAE resident (20%)
AED 1,393,359
Deposit, non-resident (40%)
AED 2,786,718
Monthly over 25 years at 3.7%
AED 28,503

Plus AED 297,616 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →